Following an emergency session, the European Union unveiled a $1T plan to backstop sovereign debt on the continent. The result? World stock prices are surging | <a href=http://www.investmentnews.com/article/20100510/FREE/100519998>UBS: 'All in' bet to boost Euro a temporary fix</a>
Mutual fund company tabs former COO at Pimco as its next chief executive.
Top congressional Democrats reached an agreement to increase taxes on managers of buyout firms and other investment funds as part of a jobs bill they plan to put to a vote tomorrow in the U.S. House, lawmakers said.
The leaders for major securities exchanges have agreed in principle to a uniform system of "circuit breakers" that would slow trading during periods of intense market volatility, Federal regulators said Monday.
U.S. regulators face pressure to show they have a grip on stock markets that are increasingly fragmented and dominated by computers after last week's plunge fueled lawmaker concerns about electronic trading.
Thursday's stock market whipsaw sent many financial advisers into client management mode — fielding calls and sending out e-mails as the Dow Jones Industrial Average briefly tested a record 1,000-point drop.
The benchmark index for U.S. stock options surged to the highest since February 2007 as stocks tumbled on concern that Europe's debt crisis is worsening.
Before things improve, Pimco's co-chief investment officer sees even ore pain in the near future for Greece
Geithner and Paulson are testifying at a hearing Thursday of a special panel investigating the crisis and a so-called "shadow" banking system.
